I have incurred qualified taxes expenses for the American Opportunity credit for the past 5 years (2010 - 2014). I know the credit is limited to 4 years and those 4 years do not have to be consecutive. In one of those years (2011), the credit was limited to approximately $20 due to the phase out for income between $160 - $180K. In 2014, I would be eligible to take the entire $2,500 credit as my income is lower had I not taken the credit in 4 previous years. Can I filed an amended return for 2011, not taking the credit, and thus, make 2014 available for the credit? This way I forego the $20 credit in 2011, but pick up a $2,500 credit in 2014.

I have incurred qualified taxes expenses for the American Opportunity credit for the past 5 years (2010 - 2014). I know the credit is limited to 4 years and those 4 years do not have to be consecutive.===>>>>>>> The law states that the credit is available only for the first four years of post secondary education. Some have interpreted that to mean that you can take it for four years only, but can extend into the fifth and sixth year if the degree has not been completed.

In one of those years (2011), the credit was limited to approximately $20 due to the phase out for income between $160 - $180K. In 2014, I would be eligible to take the entire $2,500 credit as my income is lower had I not taken the credit in 4 previous years. Can I filed an amended return for 2011, not taking the credit, and thus, make 2014 available for the credit? This way I forego the $20 credit in 2011, but pick up a $2,500 credit in 2014.===========>>>> I think so. You can amend 2011 return. Millions of American taxpayers may have erroneously claimed an education tax credit each year and need to file 1040X to undo credits